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NZDUSD - Possible Double Top

By , Sr. Technical Strategist
14 September 2006 08:20 GMT
Kiwi has rallied to test the 9/4 high at .6580 (possible double depending on where Kiwi closes).  There is of course the chance to play a breakout but RSI on the 240 minute chart is already above 70 and exhibits bearish divergence at current price.  A daily close above .6580 exposes the 7/8 low / 3/2 high at .6683/85.

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14 September 2006 08:20 GMT